Sentence examples for efficiency of labor from inspiring English sources

In testing the model, wage differentials are taken as the key indicator of the efficiency of labor market processes, with corporatist economies displaying smaller non-competitive differentials than their more market-oriented counterparts.

Germany has thus been on the right track with its recent labor market reforms: the effectiveness and efficiency of labor market instruments has been increased, the incentives for unemployed individuals to take up jobs have been improved, and labor force participation rates have increased (Caliendo, [2009]).

We quantify labor productivity with the HANPPharv per agricultural worker to measure the efficiency of labor input per unit of harvested output.

The economy produces a single homogeneous good, using efficiency units of labor as its sole input.

In this economic environment the supply of efficiency units of labor is assumed to be exogenous and, thus, it plays no role for the emergence of cycles.

This econometric specification is obtained directly from microeconomic principles if one assumes a Cobb-Douglas production function, perfect substitutability between native and immigrant labor, and possible differences in the efficiency units of labor provided by native and immigrant workers.

Kahanec and Zimmermann (2010) provide an encompassing account of the early post-accession period, highlighting: (i) the positive role of east west mobility for allocative efficiency of EU labor markets; (ii) the lack of evidence on negative labor market effects of migration; and (iii) potential benefits, as well as some policy challenges, of brain circulation for the sending countries5.

These aim at improving the efficiency of active labor market policies, reforming the benefit system to activate the unemployed, and to some extent deregulating the labor market.

The logic of improving the efficiency of their labor markets is inescapable.

The purpose of this paper is to revive an old theory in which fear or uncertainty affects the efficiency of the labor market by increasing the amount of redistribution, and offer some metrics of the theory's quantitative importance.

This paper empirically assesses the impact of these reforms on the allocative efficiency of the labor input employing Petrin and Sivadasan's (2011) value of the marginal product-marginal cost gap methodology.